How is 'Work in Progress' (WIP) defined in PRINCE2 Agile?

In PRINCE2 Agile, 'Work in Progress' (WIP) is defined as the number of tasks being worked on at any given time. This concept is fundamentally important in Agile methodologies as it helps teams manage their workflow and maintain focus. By limiting WIP, teams can reduce the stress associated with multitasking, improve efficiency, and ensure that unfinished tasks are completed before new ones are started. This ultimately leads to a more streamlined and productive process, enabling quicker delivery of value and better quality outcomes.

The other options do not align with the established definition of WIP. For instance, total budget allocated to tasks relates to financial planning rather than work management. The number of tasks completed in a sprint focuses on the outcome rather than the ongoing work, while resources assigned to each task concern allocation rather than tracking the active amount of work. Each of these alternatives addresses different aspects of project management but does not capture the essence of WIP as meant in PRINCE2 Agile.